Press release
Snow Sports Apparel Market : Industry Outlook, Growth Prospects and Key Opportunities
The demand in the global snow sports apparel market is projected to increase at a robust rate during the forecast period of 2017 to 2022. The market is anticipated to gain traction from a number of factors such as increasing popularity of Winter Olympics, growing preference of urban population for outdoor recreational activities, technological advancements in the apparels that add to safety, and awareness regarding eco-friendly gateways.That being said, cost of the products is somewhat hindering the growth of the global snow sports apparel market, although since most of the participating countries are wealthy, comparatively, this factors is not expected to cause too many challenges. Moreover, sales of women’s specific products is incrementing, and opening new opportunities in the global snow sports apparel market.
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Shell Tops Generates Maximum Demand among All Product Segments
Among all the product segments, the global snow sports apparel market gains maximum demand for shell tops. This segment individually accounted for US$192.9 mn of the snow sports apparel market in 2017, which represented 14.8% of the overall demand. The TMR report projects the demand for shell tops segment to experience a CAGR of 5.8% during the forecast period of 2017 to 2022, reaching a valuation of US$255.3 mn by 2022.
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USA to Maintain North America’s Stance as Most Profitable Region
The region of North America is estimated to dominate the global snow sports apparel market in terms of revenue in 2017, and the trend is projected to grow throughout the forecast period. The developed countries of the U.S. and Canada are identified as the chief demand-generators. The North America snow sports apparel market is the most attractive market, growing at a CAGR of 6.5% over the forecast period.
Competitive Landscape Remains Consolidated as Companies Invest in Aggressive Marketing Strategies
Some of the key players currently holding a prominent position in the global snow sports apparel market are: Adidas, Nike, HotChillys, Volcom, UnderArmour, YakTrax, Champion, The North Face, Columbia, Black Diamond Equipment, Boll, Armada, Paradox, Burton, Mountain Hardwear, Dryguy, Giro, Oakley, Hanes, and Smith. The competitive landscape is moderately consolidated among these players, who each have a diverse product portfolio and depend on aggressive marketing strategies to maintain their stronghold over the market.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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